Stocks To Watch: Dish TV, ONGC, Tata Motors, Hero MotoCorp, and Vodafone-Idea
Taking cues from their Asian counterparts, the local market indices are set to trade higher on Friday.
Taking cues from their Asian counterparts, the local market indices are set to trade higher on Friday. Following an overnight increase in U.S. markets, Asian equities increased today. The Nikkei of Japan increased by 0.73 percent, the KOSPI of South Korea up by 2.18 percent, and the Hang Seng of Hong Kong increased by 1.43 percent.
Trends on the SGX Nifty pointed to a promising start for the domestic markets. The SGX Nifty Futures, usually referred to as the Nifty Futures on the Singapore Exchange, increased 52 points, or 0.33 percent, to 15,643.80.
The wide NSE Nifty increased 143 points or 0.93 percent to conclude at 15,557 on Thursday, while the 30-share BSE Sensex increased 443 points or 0.86 percent to close at 52,266.
Here Are Stocks To Watch During Today’s Session:
Hero MotoCorp announced that, as of July 1, it would increase the price of bikes and scooters by up to ₹3,000 in order to partially offset the general cost inflation, which includes commodities costs. Hero MotoCorp offers a variety of models, with the entry-level HF100 starting at ₹51,450 and the high-end Xpulse 200 4V priced at ₹1.32 lakh (ex-showroom Delhi).
ONGC: According to the Ministry of Petroleum & Natural Gas, ONGC Videsh Limited (OVL), the government-owned company’s overseas arm and wholly-owned subsidiary, has discovered oil in Colombia. In Colombia’s CPO-5 block in the Llanos Basin, the company recently discovered oil in the well Urraca-IX.
Dish TV: The suit filed by the promoter group company of Dish TV to prevent Yes Bank from casting a vote at the DTH operator’s extraordinary general meeting was dismissed by a division bench of the Bombay High Court.
Tata Motors: After a video on social media showed the company’s electric car engulfed in flames, the automaker claimed it was looking into a “isolated thermal incident.”
Vodafone Idea: The heavily indebted telecom company has made the decision to postpone for four years the payment of additional adjusted gross revenues that total 8,837 crore. The UK-based Vodafone Group and the Aditya Birla Group of India jointly market Vodafone Idea.
In addition, four stocks are currently subject to a F&O (Futures and Options) embargo period: Delta Corp., Indiabulls Housing Finance, RBL Bank, and Sun TV.